Carmel-based auto financing provider plans to add jobs

City Center in Carmel, IN.

CARMEL, Ind. (AP) — An automotive financial services provider based in the Indianapolis suburb of Carmel says it plans to add as many as 200 jobs by 2018.

The Indiana Economic Development Corporation said in a news release Wednesday that NextGear Capital plans to invest more than $50 million to lease and renovate its headquarters in Carmel.

The investment would support its expanding customer service and technology divisions.

The development corporation says it has offered up to $1.6 million in conditional tax credits and $85,000 in training grants. The incentives are performance-based.

The company, which is part of Cox Automotive, employs more than 430 people in Indiana, and previously announced an expansion in 2013.

It serves more than 20,000 auto dealers in the U.S., Canada and United Kingdom. provides commenting to allow for constructive discussion on the stories we cover. In order to comment here, you acknowledge you have read and agreed to our Terms of Service. Commenters who violate these terms, including use of vulgar language or racial slurs, will be banned. Please be respectful of the opinions of others and keep the conversation on topic and civil. If you see an inappropriate comment, please flag it for our moderators to review.

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